CAAM: In 2022, car sales will reach 27.5 million units and 5 million new energy vehicles

21st Century Business Herald reporter Zuo Maoxuan reported that on December 14, at the "2022 China Auto Market Development Forecast Summit" held in Yibin, Sichuan, the China Association of Automobile Manufacturers announced its forecast for the domestic auto market this year and 2022.

According to caucus forecasts, China's total automobile sales in 2021 will be 26.1 million units, an increase of 3.1% year-on-year. Among them, passenger car sales were 21.3 million units, up 5.6% year-on-year; commercial vehicle sales were 4.8 million units, down 6.4% year-on-year; and new energy vehicle sales were 3.4 million units, up 1.5 times year-on-year.

Caambiz predicts that china's total automobile sales in 2022 will be 27.5 million units, an increase of 5.4% year-on-year, of which passenger car sales will be 23 million units, an increase of 8% year-on-year; commercial vehicle sales will be 4.5 million units, down 6% year-on-year; and new energy vehicle sales will be 5 million units, an increase of 47% year-on-year.

"Overall, China's auto market will maintain a moderate growth trend in the future. From the perspective of long-term development, the current Chinese market is still in the transition stage from the early stage of popularization to the late stage of popularization, and the sales of new cars have gradually shifted from the incremental market to the stock market. Although China's automobile market fluctuated in 2018, throughout history, developed countries in automobiles have also fluctuated for about 2-4 years in the popularization stage. Judging by this law, the production and sales of China's automobile market are currently at the end of short-term adjustment and will maintain a moderate growth trend in the future. Chen Shihua, deputy secretary-general of the China Automobile Association, said.